24 October 2012 17:38 [Source: ICIS news]
LONDON (ICIS)--Bridgestone will increase its passenger-car tyre production capacity in Tatabanya, Hungary, the tyre producer said on Thursday.
"The Bridgestone Group is continuously optimising its production and supply systems in order to quickly respond to global market demand trends and provide customers with high-quality," the company said.
The total investment will be approximately €267m ($347m) and the planned expansion will increase the plant's production capacity by 12,000 tyres/day, bringing the plant's total capacity to about 18,000 tyres/day.
The expansion is expected to be completed by the first half of 2017.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections